Weekly Market Update – February 23, 2024

Weekly Market Update – February 23, 2024

Quick Takes Nvidia Corporation reported strong quarterly revenue and earnings that topped Wall Street estimates after Wednesday’s trading session and carried markets to their best day in a long time on Thursday, essentially delivering gains for the headline stock...
Weekly Market Update – February 23, 2024

Weekly Market Update – February 16, 2024

Quick Takes Inflation reports surprised investors with higher-than-expected consumer and wholesale prices. As a result, traders are now pricing a March rate cut by the Fed at just an 11% probability, down sharply from the 90% odds coming into the year.   With...
Weekly Market Update – February 23, 2024

Weekly Market Update – February 09, 2024

Quick Takes After starting the week on a down note, the S&P 500 Index rallied for four straight days to cross the 5,000 level for the first time and set a new record high. The index has now risen in 14 of the last 15 weeks, something it hasn’t done since 1972.  ...
Monthly Market Update – January 2024

Monthly Market Update – January 2024

Key Points About Those Rate Cuts At this time last month, traders were betting (via Fed Funds futures trading) that there was an 80% chance the Federal Reserve would cut their short-term discount rate at the March policy meeting. But on February 2, the Labor...
Weekly Market Update – February 23, 2024

Weekly Market Update – February 02, 2024

Quick Takes After starting on a down note in the first week of the year, the S&P 500 Index has now risen for four straight weeks and for 13 of the last 14 weeks. It closed last week up +1.4% at a new record high. However, the gains continue to be dominated by the...
Weekly Market Update – February 23, 2024

Weekly Market Update – January 26, 2024

Quick Takes After starting on a down note in the first week of the year, U.S. stocks have rallied for three straight weeks, propelling the S&P 500 Index up another +1.0% to yet more all-time highs. The tech-heavy Nasdaq Composite was up +0.9%, and the small cap...